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Economy

Demand for personal loans up, as BNPL eased

An overall increase of consumer credit for December 2021 – up 4.7 per cent – was driven by personal loans while BNPL demand eased, according to new data.

Demand for personal loans up, as BNPL eased
Regional migration more than doubled during the pandemic

New data reveals net migration to regional towns more than doubled over the two years during the pandemic – compared with the two years prior.

Regional migration more than doubled during the pandemic
Housing supply needs to be more flexible: RBA governor

The supply of “well-located” land needs to be addressed to improve housing affordability, the governor of the Reserve Bank of Australia, Philip Lowe, has said.

Housing supply needs to be more flexible: RBA governor
Australia’s ‘financial wellbeing’ drops slightly: CBA

Fewer Australians are financially well compared to 12 months ago, according to new data, yet are more secure than they were pre-pandemic.

Australia’s ‘financial wellbeing’ drops slightly: CBA
Big four joins majors in offering bushfire relief

The last remaining big four bank has announced emergency assistance for customers in bushfire-affected areas in Western Australia.

Big four joins majors in offering bushfire relief
‘Too early’: RBA governor keeps rate watchers guessing

Lower inflation and wages growth have meant Australia’s cash rate can move slower than its international counterparts, according to RBA governor Philip Lowe.

‘Too early’: RBA governor keeps rate watchers guessing
LATEST PODCAST: Labor speaks on broker remuneration

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: Labor speaks on broker remuneration
‘Creative financing’ needed for home ownership: Stephen Jones MP

“Creative financing and ownership model solutions” are needed to help more Australians afford homes, according to the shadow minister for financial services and superannuation.

‘Creative financing’ needed for home ownership: Stephen Jones MP
Nearly half of CRA recipients in housing stress

Almost one in every two Australians on Commonwealth Rent Assistance are spending at least 30 per cent of their income on rent.

Nearly half of CRA recipients in housing stress
Tasmania leads economic performance

Tasmania’s economic performance continues to lead the country for the eighth quarter in a row, but housing finance commitments were slightly behind other states, new data reveals. 

Tasmania leads economic performance
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